BKLN vs. SEIX
BKLN (Invesco Senior Loan ETF) and SEIX (Virtus Seix Senior Loan ETF) are both exchange-traded funds - BKLN is a High Yield Bonds fund tracking the S&P/LSTA U.S. Leveraged Loan 100 Index, while SEIX is a Bank Loan fund tracking the Credit Suisse Leveraged Loan Index. Both are passively managed. Over the past 5 years, BKLN returned 5.14%/yr vs 5.74%/yr for SEIX. At a 0.29 correlation, their price movements are largely independent. BKLN charges 0.65%/yr vs 0.57%/yr for SEIX.
Performance
BKLN vs. SEIX - Performance Comparison
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Returns By Period
In the year-to-date period, BKLN achieves a 0.16% return, which is significantly lower than SEIX's 2.06% return.
BKLN
- 1D
- -0.05%
- 1M
- -0.14%
- YTD
- 0.16%
- 6M
- 0.89%
- 1Y
- 4.75%
- 3Y*
- 7.72%
- 5Y*
- 5.14%
- 10Y*
- 4.26%
SEIX
- 1D
- -0.02%
- 1M
- 0.36%
- YTD
- 2.06%
- 6M
- 2.65%
- 1Y
- 6.04%
- 3Y*
- 8.06%
- 5Y*
- 5.74%
- 10Y*
- —
BKLN vs. SEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 0.16% | 6.88% | 8.21% | 12.53% | -2.51% | 2.32% | 1.32% | 2.99% |
SEIX Virtus Seix Senior Loan ETF | 2.06% | 5.10% | 8.42% | 12.51% | -1.77% | 5.49% | 3.17% | 3.46% |
Correlation
The correlation between BKLN and SEIX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.29 |
Over the past year, BKLN and SEIX have become more correlated (0.49) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
BKLN vs. SEIX — Risk / Return Rank
BKLN
SEIX
BKLN vs. SEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Senior Loan ETF (BKLN) and Virtus Seix Senior Loan ETF (SEIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BKLN | SEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.85 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 5.37 | -3.82 |
| Martin ratioReturn relative to average drawdown | 6.11 | 21.50 | -15.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKLN | SEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 3.77 | -2.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.15 | 1.97 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.23 | -0.59 |
Drawdowns
BKLN vs. SEIX - Drawdown Comparison
The maximum BKLN drawdown since its inception was -24.17%, which is greater than SEIX's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for BKLN and SEIX.
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Drawdown Indicators
| BKLN | SEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.17% | -17.51% | -6.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.07% | -1.13% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.55% | -3.01% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -7.31% | -6.69% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -24.17% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.09% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.09% | -0.87% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.28% | +0.50% |
Volatility
BKLN vs. SEIX - Volatility Comparison
Invesco Senior Loan ETF (BKLN) has a higher volatility of 0.42% compared to Virtus Seix Senior Loan ETF (SEIX) at 0.34%. This indicates that BKLN's price experiences larger fluctuations and is considered to be riskier than SEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLN | SEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.42% | 0.34% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 1.29% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.75% | 1.61% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.47% | 2.93% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.43% | 4.34% | +2.09% |
BKLN vs. SEIX - Expense Ratio Comparison
BKLN has a 0.65% expense ratio, which is higher than SEIX's 0.57% expense ratio.
Dividends
BKLN vs. SEIX - Dividend Comparison
BKLN's dividend yield for the trailing twelve months is around 6.62%, less than SEIX's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLN Invesco Senior Loan ETF | 6.62% | 6.95% | 8.41% | 8.59% | 4.93% | 3.11% | 3.56% | 4.86% | 4.52% | 3.50% | 4.54% | 4.12% |
SEIX Virtus Seix Senior Loan ETF | 7.25% | 7.52% | 8.09% | 8.74% | 5.76% | 4.16% | 3.75% | 3.82% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKLN and SEIX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKLN has higher volatility (0.42%) compared to SEIX (0.34%). In terms of maximum drawdown, BKLN dropped -24.17% vs SEIX's -17.51%.
On 5-year performance, SEIX leads with 5.74% vs 5.14% for BKLN. On fees, SEIX is cheaper at 0.57% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SEIX has performed better with a 5.74% return vs 5.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SEIX is cheaper with a 0.57% expense ratio, compared with 0.65% for BKLN.
SEIX has the higher dividend yield at 7.25%, compared with 6.62% for BKLN.
BKLN is categorized as High Yield Bonds, while SEIX is Bank Loan. BKLN tracks S&P/LSTA U.S. Leveraged Loan 100 Index, while SEIX tracks Credit Suisse Leveraged Loan Index. They also come from different issuers: Invesco and Virtus. Their fees differ too: 0.65% for BKLN and 0.57% for SEIX.
SEIX currently has the higher Sharpe Ratio (3.77 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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